Invest in Burma Tax Free

I saw this a few days ago and it looked quite interesting.

In an effort to boost their economic ties with Western companies, Myanmar (formerly Burma), has passed a law for an eight-year tax exemption for foreign investors.

The previous Myanmar investment law was quite restrictive, but the government searched for ways to attract international investors.

One of their main aims was to make their country more economically “attractive than our neighbours.”

The country’s immediate goal was to see massive investment in the tourist industry and apparently the hotels are already struggling to cope with demand.

So could Myanmar be “the next Cayman Islands”?

Might be worth keeping an eye on.

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